Rxo Inc (NYSE:RXO) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Rxo Inc (NYSE:RXO) has received a consensus rating of "Hold" from analysts, with one sell, twelve hold, and three buy recommendations.
• The average 12-month target price for RXO shares is $17.93, with recent price adjustments by analysts reflecting a range of $12.00 to $18.00.
• RXO's latest earnings report showed earnings of $0.04 EPS and revenue of $1.42 billion, indicating a 52.6% year-over-year revenue growth.

Rxo Inc (NYSE:RXO - Get Free Report) has been assigned an average rating of "Hold" from the sixteen research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $17.9286.

Several research analysts have recently issued reports on RXO shares. JPMorgan Chase & Co. dropped their price objective on shares of RXO from $15.00 to $14.00 and set an "underweight" rating on the stock in a report on Tuesday, July 8th. Barclays lowered their price target on RXO from $18.00 to $17.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th. Susquehanna set a $12.00 price objective on RXO and gave the stock a "neutral" rating in a research report on Tuesday, June 24th. Cowen reissued a "hold" rating on shares of RXO in a report on Friday, August 8th. Finally, Wall Street Zen upgraded RXO from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th.

Hedge Funds Weigh In On RXO

A number of hedge funds have recently made changes to their positions in RXO. Geneos Wealth Management Inc. acquired a new stake in shares of RXO during the 1st quarter valued at about $30,000. Larson Financial Group LLC raised its position in RXO by 1,990.2% in the first quarter. Larson Financial Group LLC now owns 1,714 shares of the company's stock worth $33,000 after purchasing an additional 1,632 shares in the last quarter. AlphaQuest LLC bought a new position in RXO during the second quarter worth about $29,000. CWM LLC boosted its holdings in RXO by 234.4% during the first quarter. CWM LLC now owns 1,876 shares of the company's stock valued at $36,000 after purchasing an additional 1,315 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in RXO by 52.5% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,745 shares of the company's stock valued at $52,000 after purchasing an additional 945 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.

RXO Stock Up 2.6%

Shares of RXO stock opened at $17.16 on Friday. RXO has a 12 month low of $12.19 and a 12 month high of $31.98. The firm has a market cap of $2.81 billion, a PE ratio of -7.94, a price-to-earnings-growth ratio of 7.98 and a beta of 1.69. The stock has a 50 day moving average of $16.10 and a 200-day moving average of $16.19. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.24.

RXO (NYSE:RXO - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.44 billion. RXO had a negative net margin of 5.45% and a positive return on equity of 1.18%. RXO's quarterly revenue was up 52.6% on a year-over-year basis. During the same quarter last year, the company posted $0.03 earnings per share. On average, equities analysts predict that RXO will post 0.31 EPS for the current year.

About RXO

RXO, Inc provides full truckload freight transportation brokering services. It also offers brokered services for managed transportation, last mile, and freight forwarding. The company was incorporated in 2022 and is based in Charlotte, North Carolina.

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